Ladder Capital (LADR) Tops Q4 EPS by 2c

Ladder Capital (NYSE: LADR) reported Q4 EPS of $0.45, $0.02 better than the analyst estimate of $0.43.

Core (non-GAAP) disclosures:

• Core earnings of $52.5 million for the fourth quarter and $230.1 million for the year ended December 31, 2018 compared to $60.4 million and $178.8 million for the fourth quarter and year ended December 31, 2017, respectively
• Core EPS of $0.45 for the fourth quarter and $2.03 for the year ended December 31, 2018 compared to $0.47 and $1.54 for the fourth quarter and year ended December 31, 2017, respectively
• After-tax core return on average equity of 12.9% for the fourth quarter and 14.9% for the year ended December 31, 2018 compared to 13.9% and 11.5% for the fourth quarter and year ended December 31, 2017, respectively
• Undepreciated book value per share of $15.34 at December 31, 2018, up from $15.25 at September 30, 2018

For earnings history and earnings-related data on Ladder Capital (LADR) click here.

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